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Internet Penetration Rate Rises To 45%

by Leadership News
8 months ago
in Business
internet penetration rate
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As of early 2024, Nigeria’s internet penetration rate is approximately 45.5%, with about 103 million internet users reported at that time. This marks a slight increase from 55.4% in early 2023, indicating fluctuations in user engagement and access. Despite being ranked 11th globally for internet penetration, Nigeria still faces challenges related to network readiness and infrastructure

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Over the past decade, Nigeria’s internet penetration has seen significant fluctuations. In 2015, the rate was around 28%, increasing to 51% by 2022. However, it peaked at 55.4% in early 2023 before declining to 45.5% in early 2024. Factors influencing these changes include infrastructure investments, mobile access growth, and the impact of the COVID-19 pandemic, which initially boosted user numbers due to increased online activity during lockdowns

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